Sooke Real Estate, Living, and Community Blog by Tim Ayres

Sooke Real Estate Statistics – April 2012

by Tim Ayres on May 9, 2012

Spring has sprung - what about the real estate market in Sooke?

April just flew by, and here we are in the second week of May already and I’m just getting to the stats from last month. It’s pretty slow out there, and if you’re looking to buy, there are definitely deals to be had. If you go by the average and median prices, it would appear that prices are fairly stable, but there has definitely been an increase in sales of cheaper properties. It’s not all bad news though – properties that are realistically priced based on market conditions are selling, sometimes very quickly. And, there are actually fewer properties on the market this year than the same time last, and there were fewer properties listed this April than last, which helps keep supply in check with demand. Let’s have a look at the numbers:

April 2011:

New listings, all property types: 107 (65 single family dwellings)

Sales, single family dwellings (SFD): 22

Sales, all property types: 30

Lowest price: a manufactured home at $10,000 (Lowest price SFD sold for $250,000)

May seems to have kicked off a little busier – showing activity is picking up on my listings and I have one accepted offer already, but pricing remains key. If you would like an honest evaluation on where your property value sits, or if you have any questions about how I came to these numbers or what they mean, just give me a call at 250-885-0512 or send me an email

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This blog is administered and written by Tim Ayres. Tim Ayres is a licensed REALTOR® with Royal LePage Coast Capital Realty. Tim can be reached at 250-885-0512 or 250-642-6361. Questions? Suggestions? Visit the Contact Page and let me know.